Today's top gainer is $MAGIC . Today, I will talk about why this coin rose by 30% despite the overall market downturn!
Firstly, MAGIC is a decentralized NFT ecosystem built on the Ethereum Layer 2 chain, constructed for the metaverse project.
It is backed by multiple well-known institutions, and its current valuation has reached 500 million USD, providing MAGIC with solid financial support.
Why did it rise while the market overall fell? Meteor believes there are three reasons for altcoins to rise: one is the strong manipulation by market makers, the second is favorable news. The third is
The reason for MAGIC's rise is the positive news!
The first is the integration of AI games, technical foundation upgrades, and community governance optimization. MAGIC holders have weighted voting rights in the ecological DAO, and these pieces of news are very favorable for game tokens.
Currently, MAGIC is consolidating and accumulating, and it is expected to follow a multi-stage approach (Rise - Consolidation - Further Rise)!
Fans who are building positions now can do so in batches, and the next rise is expected to be when the cryptocurrency market warms up again!
In the crypto world, if you don't have a good circle and don't have first-hand news, then I suggest you follow me, and I will help you get on shore. Welcome to join the team!!!
